To ensure that you pay the correct amount of tax and file correct tax returns with HMRC, it is vital that you keep complete and accurate business records. This applies regardless of whether you are running a business as a sole trader or in partnership or operating a...

As a business owner, one of your ambitions is to run a profitable business right? We can say that with confidence, because it is the mark of a business that is not only covering its costs, but actually making money too – a staple of a successful business. It’s a goal...

Let’s get something out in the open right now – VAT is not a scary word. VAT, or value added tax, is just another part of running a business in the UK. Most businesses in the UK who sell products have to be registered for VAT, and most who offer services as well too....